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20120901
20120930
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Search Results 0 to 49 of about 50 (some duplicates have been removed)
time before the election? brenda buttner is here now. it's great to have you here, brenda. what was your impression when you heard the numbers on friday? >> clearly, it was very disappointing. wall street, however, pretty much cheered the numbers. it is still a multi-year highs. that's because investors are betting that the fed is going to do something this week, if not this week, then in december. what it has left to do. it has lost most of its bullets. it used to be that the fed would lower short-term interest rates and that would be cheaper money, so we would borrow and spend. instead, since interest rates are at zero or close to that, what it has to do is to buy billions of dollars of print money, buy billions of dollars of bonds and mortgage-backed securities. the idea is that will increase borrowing and spending. but there is a big debate about that. the candidates do not agree on this. so there is a debate within the bank as well. >> jamie: it is just occurring to me as i am listening, if money can be borrowed so inexpensively, why don't people just borrow it -- corporati
, i'm brenda buttner, this is bulls and bears. here they are, the bulls and bears this week, gary b smith, tobin smith. jonas max ferris along with larry glazier and susan, welcome to everybody. so, larry, unemployment still above 8%, what is it going to take to get the job market roaring back? >> sure, well, the president's jobs plan is just not cutting it, and you know, we know when we dig beneath the surface, the situation is much worse than the headline data suggests. we know that the underemployment rate, a comprehensive data level is 15 mers in this country and know that the labor participation rate, a reflection of whether people are actually looking for jobs is at its lowest level since the early 1980's, their wages are barely keeping pace with inflation. >> how are we going to get better, larry. it's only a half hour show. >> how we're going to make it better by getting the unskilled workers skills for. that's how we're' going to make it better. >> brenda: this is the 30th month of job growth and-- >> and we're better off, for people who forget fall of 2008, 2009 we were lo
, just how bad could this get for drivers and for our economy? hi, everyone, i'm brenda buttner, this is bulls and bears and here they are the bulls and bears this week. gary b smith. tobin smith, jonas max ferris along with todd and steve murphy. okay, todd, we saw gas prices jump during the arab spring last year. how bad is this going to get. >> it's going to get horrible. first of all like you said at the top. we're at a record high this time of the year and start talking about the violence that's taking place in libya and oil based countries right now and you have to only assume at that this is going to spread. this is going to continue to move higher and this is something the u.s. economy cannot afford right now because they're looking at higher prices at the pump. less money to go out and spend. >> brenda: steve, we are seeing that supply could drive this higher, but demand might bring it down. the economy is in trouble around the world. >> yes, absolutely. first of all, the supply has not been disrupted and it's not likely to be disrupted and the gulf states, saudi arabia
to. that answer could decide who wins the election. hi, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, terry b smith, tobin smith. and jonas max ferris, and who is right about it, the markets or big businesses? >> well, big business is right about the economy. you can believe them or not. they have no incentive to tell you things are bad. doesn't help the stock prices, what's really happening if you look at data points, the economy is loge down. new orders going down. trading partners going down. manufacturing going down and employment-- here is the rub, the change, bad economic news means good things for the the stock market. the stock market is not saying that the economy is recovering. the stock market is saying we're going to get more stimulus from gentle ben, more stimulus from mario draghi. not an expectation of recovery. >> those are the central bankers printing money and putting it into the economy in the hope of making the recovery pick up. but, toby, i worry about looking at individual businesses, because, individual t
. the big disappointment could be consumer spending. brenda buttner, anchor of bulls & bears, great it see you. >> great to see you. >> jamie: are we spending? >> well, we're. but the headlines are deceiving. we expect the consumer spending out. you have been watching your wallets. but consumers expected to be up half a percent. but most of that in august was spent on gasoline because gasoline prices spiked. so it is not clear at all that you are going out and really hitting the malls and doing the kind of spending that is going to jump-start the recovery, which is really what we need. so a lot of focus on you. however, also some reports on home prices and home sales. those are expected to be good. sales are jumping up, prices, off the bottom a bit. that could make you feel a little bit wealthier, that could help in terms of spending. and the stock mark took a breather. the bulls took a breather after they had been running hard. but the s&p 500, probably in your 401(k) is up 16%. >> jamie: we will take it. earnings season coming up what do you expect? >> earnings have not been great. year
with all of the important national unemployment rate information for august due out this week. brenda buttner with a look at a week ahead. wall street this summer trading volumes at the lowest levels in years. they thought the bulls were at work the broad mark at s&p 500 up around 7 percent since june. there is plenty to bring back investors as we kickoff in september. will they make clear it will try to stimulate the economy with bond buying for a third time. the european central banks meets, too. traders will be watching especially since a court ruled on a rescue fund for the debt mess over there. over here the big report out on friday. a look at the jobs market for august. will the unemployment rate stubbornly say at 8.3 percent. all this as americans face the heist gas prices for labor day weekend. september isn't usually month to remember. all size stocks often under perform. >>> thank you very much. terrifying moment at a monster truck show. one of the big trucks racing for the finish line veers out of control and into the crowd. no one saw this coming until it was too late. i h
. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not
. brenda buttner is the anchor of "bulls and bears". good to see you. when bernanke uses term by describing the economy, tepid growth, far from satisfactory. average person would say, the economy is off a little bit and stinks. >> i don't think you will hear that plain spoken english from any head of the fed. you don't do don't want to hear those words. but what he is going to do is qiantd at a time i have easing for fancy talk to britain more money to buy more bonds. wall street likes that. that is not bad in an election year. >> gregg: what does it do for the economy. i was reading a column in the "new york times" post comparing bernanke to bill murray. it was a good line. he has awakened every morning for the past four years and faced the same problem and trying to deal with the same solutions he came up with the same unacceptable results. is he right? >> the problem here is that the fed usually to help the economy or help a recovery, it brings down short term interest rates. right now, interest rates are between zero and .25%. so what they are trying to do is buy more bonds. a lot of pe
higher? brenda buttner is here for a closer look. >> hey, hannon, no question wall street liked the latest figures for unemployment, the dow at a record high. s&p up nearly 2%, a big thumbs up for the feds plan to put the dollar printing presses into high gear and buying mortgage-backed assets at $40 billion a month. traders really liked the central bank leaving open how long tell do so to give the stalled recovery a jolt. investors have been fans of the fed stimulus since it was announced nearly four years ago, but some market watchers say the bulls may not have much to keep them rubbing as fast. it is not at all clear the feds' plan will work. the idea is to keep the interest rates low will put a floor on the housing market, but push investors into assets with higher returns, such as stocks and the hope is that with more money in the system, businesses will higher and consumers spend. despite trillions, unemployment has been above 8% more than 40 months in a row. the stock market has a lot that could slow it down, namely, the uncertainty of the presidential election, which can
with we are the 99%.king back, what has occupy wall street really plushd joining us is brenda buttner, good to see you. look. basic economic conditions, high unemployment, anemic growth. relatively unchanged from a year ago. so in terms of occupy wall street's attempt to change things, they haven't achieved that. they have achieved alienating many americans? >> they were very polarizing but kind of understand what they were. what they were in angry. they were angry about unemployment. they were angry they took a target that is very convenient one, wall street. by many social movements, you are doing something wrong. we don't want you to do it anymore, but there was really outside a very widely held sense of anger there wasn't ideal or widely held ideals or haven't changed things. how can you define your success because there was not one thing they wanted to change. >> gregg: anger can sometimes be constructive but their tactics were not. they ended up creating endless noise, occupying private and public property which really just angered other people that have to live and work there.
their finances. fox news senior business correspondent brenda buttner explains why. >>> americans are rock bottom when it cops t comes to feel -- comes to feeling good about their bank accounts with confidence levels falling to the lowest in nine months. greg mcbride is the senior financial analyst for bank rate and says a lousy jobs report at the beginning of september took a toll on how consumers feel about their financial well being. >> it wasn't just with regard to job security. we shaw undermine their feelings of savings, debt. >> bank rate report shows 38% of americans feel less comfortable with their savings than they did a year ago. 29% said their overall financial situation is worse. and 25% are less comfortable with their debt load. mcbride says savings have been the achilles heel of financial security all along. >> month in and month out people tell us they are less comfortable with the savings now than a year ago. they realize they still have a long time to go. >> short-term savings are what most folks are really worried about. >> just a few months ago, 28% of americans don't have any
our country an estimated $13 trillion. what do we do about it? brenda buttner? brend athere are warnings that we may not be out of the woods yet. >> there is definitely a fear that we are not out of the woods, that this financial crisis did have a very difficult, you know, hit in the financial market, certainly and hit the u.s. economy and globally. very interesting to take a look at the study, though. it says $13 t was the cost of the -- of the financial mess that was started by leyland brothers seven years ago. 7 is from a 10-year period. they looked at gdp, that's the largest member of the u.s. economy. so you can't look at declining home values and corporate earnings and human suffering and unemployment. it is hard to measure those things. so they took a look at gdp and said add on $5.2 trillion that would have been lost if policy-makers had wante not been what they did in terms of bailouts and fiscal... policies, basically and monetary policies. but there is a lot of controversy to this, of course, eric, as you can imagine because the problem is that right now, wall str
business correspondent and anchor of bulls and bears, brenda buttner takes a look. >> harris, friday's weak jobs report could put the work again. good news for your 401(k), wall street at multi-year highs, but this just as we learn that jobs market just isn't working. and what gives? the traders are betting the fed will. when the central bank meets this week it could consider a third bond buying binge called qe3 in washington. the translation, the banks will print more money to buy what could be hundreds of billions of bonds for mortgage debt. how? well, the aim is to lower long-term interest rates and stimulate more businesses and consumers to borrow and spend, jump starting the recovery. yet, this means the money printing presses go into high gear just as our national debt tops 16 trillion and there's plenty of disagreement about whether it will work anyway, with unemployment stubbornly above 8%, not clear past efforts have. plus, this kind of move by the fed could also take the the heat off politicians. in europe, only when interest rates hit dangerous highs does government finally get s
and apple lovers buzzing, but is all the hype worth ditching your current phone? fox's brenda buttner looks at this week's shoppers market. >> a much longer battery life, bigger screen and it can download up to 100 megabits per second, but is it worth getting rid of your current mobile device or is it hype? >> largely it's incremental updates, but all the people i've spoken to so far have said they love it. >> i held it in the palm of my hand and it is worth every ounce of the hype. >> reporter: iphone slimming down. apple says it's the world's thinnest smartphone, 18% thinner than the iphone 4s. >> it fits right there and my thumb is in perfect access for my thumb to slide between the pages. >> reporter: it may be thinner and lighter, but what about all the new bells and whistles? >> if you want to use it for a phone and only a phone, you might want something else. if you want to use it for a camera, music player, video and video games, worth every penny. >> it's the same price as the earlier models, but you get a bigger screen, bigger battery. >> reporter: some consumers aren't happy w
correspondent and anchor of bulls and bears, brenda buttner has more. >> harris, what's the health of the economy this week? we find out by looking at you. reports on your confidence and what you are doing with your wallet are the big numbers out. really big. >> and consumer spending makes up two-thirds of all economic activity. so what you take out of your pocket terms how fast the economy will take off. most predictions are, you're still cautious and not all that confident, and consumer spending forecasts predict americans likely increase purchases by about 1/2 a percent in august. now, normally it's not a horrible number, but the headline high is a darker picture. much of that was publicly spent at the pump and gas prices spiked last month and that kind of spending doesn't do much for the economy. and also spending is expected to outpace income growth, as it has for some time. so you're probably taking the extra bucks out of savings. going deeper in debt. and wall street is certainly watching all of this. the bull taking a bit after breather last week, the broad market the one m
gallon. brenda buttner is live. all right, brenda. where do we expect the prices to go. >> you are right! what a jump at the pump. isaac gets some of the blame, prices rising 11 cents since august 22, when the forecasters said the storm could move to the oil rigs and refinery-rich gulf. but the last two months have been tough overall. in august, national average gas prices up 31 cents or 9% a gallon, following the biggest price increase in july, a record. there was a perfect storm of sorts to whip up the prices, isaac, of course, brought on precautionary refinery closures before the hurricane hit. not much damage from the storm. but it takes time to restart them. and two non-hurricane-related mid-west pipeline shut downs and and a refinery fire in california left it at less than full capacity. and the tension in the mideast has fueled the prices of oil. but prices may ease. the refineries in the gulf starting back up. and demand usually recedes after labor day, the traditionally end of the summer driving season and the refineries produce less expensive gas blends for cold weather. nation
it will take some kind of action aimed at boosting growth. brenda buttner joins us to explain. hello, brenda. >> hey, shannon. well, friday's weak jobs report could put the fed to work again. when the central bank meets this week, it will likely consider kicking off a third round of monetary stimulus called q e-3 in washington speak. translation, the bank will print more money to buy what could be hundreds of billions of bonds or mortgage debt. this on top of the $2.3 trillion the fed has already spent trying to get more americans working. how? well, the aim is to lower long-term interest rates and stimulate more businesses and consumers to borrow and spend. jump starting the recovery. yet a new bond buying binge means printing more money as our national debt tops $16 trillion and there is plenty it of disagreement about whether it will work anyway. with unemployment stubbornly above 8% it is not clear past efforts have. although banks mae have more money to lend they haven't been quick to do so. and even if businesses and consumers have more cash they don't seem ready to spend with so much
and nevada. let's turn now to brenda buttner who knows all this stuff. which is why we turn to you all the time. who are these folks? >> take a look at the age spectrum. first of all, there are people that are retiring. the retirement of the baby boom generation. we have been expecting that for a while. people are retiring earlier because they might lose their jobs, they don't bother looking. there is that huge group over there. on the other age, there are younger folks and they are staying in school. they are relying on mom and dad. they are bringing student debt loans is now 1 trillion dollars. they are not looking for work yet bethe are trying to boost it up. there are millions of people that are frustrated. they can't find work. they have been on unemployment benefits for as long as they can go and now they are not looking. in order to be considered unemployment you have to be looking for a job. >> gregg: if some of these workers were accounts for, where would they be? >> estimates are all over the map. one predictable one is if that middle group were all of a sudden jump back into
meaning if people can even find a new job, they are making a lot less money. brenda buttner is fox senior correspondent anchor of "bulls and bears". this is the lowest participation rate in 31 years which is really an amazing stat. what does this mean to the worker? >> it's part of the reason why you see that we added some jobs that our employment rate declined down to 8.1%. they are dropping out. so many of the unemployed were so long, that is really an important part of this whole recovery. that people have been unemployed for months and months. the other thing is, the reason why this has happened the housing bubble burst. people can't move to where jobs are because they can't sell their homes. it really is tough. >> gregg: you listen to president obama and he said this during the convention, look, we have added 4.5 million jobs since the recession ended which sounds like a lot except if you average all the recovery since world war ii, we should have averaged 4.3 million jobs more, right? >> yes. part of it was a very bad recession so the recovery is going to be difficult. it is gone --
. are they right? hi, everyone, i'm brenda buttner, this is
Search Results 0 to 49 of about 50 (some duplicates have been removed)